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Business - Page 226

First HoldCo, Lasaco Add N244.61bn To Nigerian Stock Market

The Nigerian Exchange Limited (NGX) said the market capitalisation for the stock market increased to N95.52 trillion on Wednesday, December 17, from the N95.28 trillion posted on Tuesday, December 16, representing a N244.61 billion gain. About 383.71 basis points were added to

December 17, 2025

Nigeria's Equity Market Declines By 1.99% in March Despite Weekly Gains

Business·Markets·News

Nigeria’s Equity Market Faces Continued Decline As Investors Lose N108bn

Third Consecutive Decline in the Equity Market Nigeria’s equity market continued its downward trend on Wednesday, marking the third consecutive day of losses. The market recorded a 0.14 per cent decrease, reflecting the ongoing cautious approach of investors. “Investors are clearly on

August 15, 2024

Business·News·Oil & Gas

Dangote: We Didn’t Discuss Petrol Price With IPMAN, Denies Fixing ₦600/Litre

The Dangote Petroleum Refinery has refuted claims of fixing petrol price at ₦600 per litre. A report had claimed that independent petroleum marketers projected that petrol to be supplied from the refinery would be sold at ₦600 per litre. However, the Dangote

August 14, 2024

NNPCL Crude Sales In Naira Will Boost Economy - Nigerian Govt

Business·News·Oil & Gas

How NNPCL Crude Sales In Naira Will Boost Economy

Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, on Tuesday held a strategic meeting with relevant stakeholders in Abuja to ensure implementation of President Bola Tinubu’s directive for the Nigerian National Petroleum Corporation Limited (NNPCL) to sell crude

August 14, 2024

Business·FEATURES

Why Windfall Tax On Nigerian Banks Shouldn’t Take Retrospective Effect

The proposed enforcement of 70 per cent windfall tax on profits generated from foreign exchange (FX) transactions by Nigerian banks has been generating mixed reactions across the country. While some have expressed support for the policy, others have opposed it. The harmonisation

August 14, 2024

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 1st July 2025

Business·Currency·Markets·News

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 14th August 2024

What is the Dollar to Naira Exchange rate at the black market, like the Aboki FX? The exchange rate for the US dollar (USD) to Nigerian Naira (NGN) in the parallel market, also known as the black market, especially the Aboki fx

August 14, 2024

NGX Set To Lose N60bn As MRS Oil Nigeria Plc Plans To Delist Shares

Business·Markets·News

Nigeria’s Stock Market Faces Continued Decline Amid Investor Caution

Nigeria’s stock market experienced another decline on Tuesday, dropping by 0.50% or N279 billion as investors continued to retreat from equities on the Lagos Bourse. This marks the second day of losses in August, raising concerns about the market’s short-term outlook. Analysts

August 14, 2024

Nigeria’s Food Crisis: A Nation Starving For Solutions While Prices Keep Rising

Business·News

Hunger Crisis: Nigeria’s Agricultural Failure Fuels Widespread Starvation

The Growing Hunger Crisis For a country with vast agricultural potential, it is alarming that above 170 million Nigerians are unable to afford a healthy diet, as reported in the State of Food Security and Nutrition in the World 2024 report. The

August 14, 2024

Business·News·Oil & Gas

Nigeria’s Crude Oil Production Surges To 1.3mbpd In July

Nigeria’s average daily crude oil production increased to 1.307 million barrels per day (mbpd) in July. This was revealed in the Organisation of the Petroleum Exporting Countries (OPEC) monthly Oil Market Report for August 2024 released on Monday. According to OPEC’s report,

August 13, 2024

Kaduna Refinery: The Role Of Local Refining In Nigeria's Fuel Economy

Business·News·Oil & Gas

Dangote: No Refinery Across The World Depends On Domestic Crude Oil Supply – Kachikwu

Amid the ongoing face-off between the Dangote Refinery Limited and the regulators in Nigeria’s oil and gas sector over domestic crude oil supply obligation, businessman and media entrepreneur, Dumebi Kachikwu, has said no refinery in the world depends on local producers for

August 13, 2024

Business·Markets·News·World News

Bitcoin ETFs See $27.8 Million Inflow As Grayscale Breaks 14-Day Outflow Streak

Bitcoin ETFs Attract $27.8 Million Amid Market Recovery The cryptocurrency market saw a notable shift on Monday as Bitcoin Exchange Traded Funds (ETFs) recorded a significant inflow of $27.8 million. This marks a positive turn for Bitcoin ETFs, which have been

August 13, 2024

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Venezuela Condemns Trump’s Threat, Pledges to Defend Sovereignty

The government of Venezuela has condemned what it described as

Bank of Japan Poised to Lift Rates to 30-Year High as Inflation Pressures Persist

The Bank of Japan (BOJ) is set to raise its

SEC Orders Full Registration of Tradable Instruments by January 2026

The Securities and Exchange Commission (SEC) has ordered all Capital

UK Targets Sugary Milk Drinks as Government Tightens Health Levy

The UK Labour government has expanded its existing sugar tax

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Business - Page 226

First HoldCo, Lasaco Add N244.61bn To Nigerian Stock Market

Nigeria’s Equity Market Faces Continued Decline As Investors Lose N108bn

Dangote: We Didn’t Discuss Petrol Price With IPMAN, Denies Fixing ₦600/Litre

How NNPCL Crude Sales In Naira Will Boost Economy

Why Windfall Tax On Nigerian Banks Shouldn’t Take Retrospective Effect

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 14th August 2024

Nigeria’s Stock Market Faces Continued Decline Amid Investor Caution

Hunger Crisis: Nigeria’s Agricultural Failure Fuels Widespread Starvation

Nigeria’s Crude Oil Production Surges To 1.3mbpd In July

Dangote: No Refinery Across The World Depends On Domestic Crude Oil Supply – Kachikwu

Bitcoin ETFs See $27.8 Million Inflow As Grayscale Breaks 14-Day Outflow Streak

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Business - Page 226

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